UBS Group AG Raises Stake in Allison Transmission Holdings, Inc. $ALSN

UBS Group AG lifted its position in shares of Allison Transmission Holdings, Inc. (NYSE:ALSN) by 30.4% in the fourth quarter, Holdings Channel reports. The firm owned 1,252,197 shares of the auto parts company’s stock after purchasing an additional 291,649 shares during the period. UBS Group AG’s holdings in Allison Transmission were worth $122,590,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Solidarity Wealth LLC grew its holdings in shares of Allison Transmission by 3.3% during the 4th quarter. Solidarity Wealth LLC now owns 287,285 shares of the auto parts company’s stock worth $28,125,000 after purchasing an additional 9,195 shares during the period. Chicago Partners Investment Group LLC grew its holdings in shares of Allison Transmission by 5.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 7,913 shares of the auto parts company’s stock worth $775,000 after purchasing an additional 432 shares during the period. HB Wealth Management LLC grew its holdings in shares of Allison Transmission by 4.9% during the 4th quarter. HB Wealth Management LLC now owns 5,488 shares of the auto parts company’s stock worth $537,000 after purchasing an additional 258 shares during the period. Caprock Group LLC grew its holdings in shares of Allison Transmission by 191.5% during the 4th quarter. Caprock Group LLC now owns 26,051 shares of the auto parts company’s stock worth $2,550,000 after purchasing an additional 17,114 shares during the period. Finally, M&T Bank Corp purchased a new stake in shares of Allison Transmission during the 4th quarter worth about $346,000. Hedge funds and other institutional investors own 96.90% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Oppenheimer boosted their target price on Allison Transmission from $115.00 to $135.00 and gave the stock an “outperform” rating in a report on Tuesday, February 24th. Wells Fargo & Company boosted their target price on Allison Transmission from $98.00 to $127.00 and gave the stock an “equal weight” rating in a report on Thursday, February 26th. Weiss Ratings cut Allison Transmission from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 25th. JPMorgan Chase & Co. boosted their target price on Allison Transmission from $87.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Finally, Citigroup boosted their price target on Allison Transmission from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $114.13.

Allison Transmission Stock Performance

Allison Transmission stock opened at $131.48 on Friday. The stock’s 50 day moving average price is $121.93 and its 200 day moving average price is $105.48. The firm has a market capitalization of $10.93 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 0.80 and a beta of 0.97. The company has a debt-to-equity ratio of 1.55, a quick ratio of 4.17 and a current ratio of 4.85. Allison Transmission Holdings, Inc. has a one year low of $76.01 and a one year high of $137.62.

Allison Transmission Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Monday, March 9th were given a dividend of $0.29 per share. This is a boost from Allison Transmission’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, March 9th. This represents a $1.16 annualized dividend and a yield of 0.9%. Allison Transmission’s dividend payout ratio is presently 15.83%.

Insider Buying and Selling

In related news, insider Eric C. Scroggins sold 1,313 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $114.40, for a total transaction of $150,207.20. Following the transaction, the insider directly owned 17,654 shares of the company’s stock, valued at approximately $2,019,617.60. The trade was a 6.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Allison Transmission Company Profile

Allison Transmission Holdings Inc is a global designer, manufacturer and seller of fully automatic transmissions and hybrid propulsion systems for commercial duty vehicles and off-highway equipment. The company’s products are engineered to improve fuel efficiency, reduce emissions and enhance performance across a broad range of industries. Allison’s core transmission portfolio serves applications such as on-highway trucks and buses, medium- and heavy-duty commercial vehicles, and military ground vehicles.

In addition to conventional automatic transmissions, Allison offers advanced hybrid systems that integrate electric motors with mechanical transmission components.